NZD “remains at the mercy of global risk sentiment near term”

An updated NZD view from Westpac, they nail it with that headline comments.

  • Remains at the mercy of global risk sentiment near term
  • potential for gains to 0.6400 during the next few weeks
  • Further out, though, economic data releases over the next few months will be dire, potentially denting sentiment further. There’s potential to revisit 0.5900 during the next few months.